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and what to do about it." he's now a visiting professor at the new school here in new york city where he's teaching a special course on the financial crash. welcome, richard wolff. >> thank you, bill. >> last night i watched for the second time the popular lecture that is on this dvd, "capitalism hits the fan." tell us why you say capitalism has hit the fan. >> well, the classic defense of capitalism as a system for much of its history has been, okay, it has this or that flaw. but it "delivers the goods." >> yeah, for most everybody. >> right. >> that was the argument. >> and so you may not get the most, but it'll trickle down to you, all the different ways. >> the yachts will rise. >> that's right. the ocean will lift all the boats. the reality is that for at least 30 years now, that isn't true. for the majority of people, capitalism is not delivering the goods. it is delivering, arguably, the bads. and so we have this disparity getting wider and wider between those for whom capitalism continues to deliver the goods by all means, but a growing majority in this society which isn't gettin
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